Bumi Armada receives LOI for FPSO work offshore Angola

Offshore staff

KUALA LUMPUR, Malaysia – Oilfield services provider Bumi Armada Berhad has received a letter of intent from eni Angola SpA, a wholly owned subsidiary of eni SpA. Eni Angola has stated its intention to award a contract for the chartering, operation, and maintenance of an FPSO to a consortium of Bumi Armada Offshore Holdings Ltd. and Angoil Bumi JV Ltda. (an Angolan joint venture company of BAOHL, Angoil Exploracao Petrolifera SA, and Cosmarg Limitada) for deployment at block 15/06 in the East Hub offshore Angola.

The LOI authorizes Bumi Armada to start engineering and procurement work on the FPSO immediately. First oil is scheduled for end of October 2016. The contract has an indicative value of $2.9 billion (equivalent to RM9.5 billion).

This is the second time that eni has turned to Bumi Armada for an FPSO in West Africa, and this project is Bumi Armada’s first VLCC-tanker conversion. The Armada Ali will be used for conversion. The 15/06 FPSO will be delivered in 31 months, taking Bumi Armada’s FPSO fleet to eight.




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...